Seshaasai Technologies IPO Details
Seshaasai Technologies IPO is a book-built issue of Rs. 813.07 crore, comprising a fresh issue of 1.13 crore shares worth Rs. 480 crore and an offer for sale of 0.79 crore shares aggregating Rs. 333.07 crore. The issue opens for subscription on September 23, 2025, and closes on September 25, 2025, with allotment scheduled on September 26, 2025. Shares are proposed to list on both BSE and NSE with a tentative listing date of September 30, 2025. The price band has been fixed at Rs. 402–423 per share, with a lot size of 35 shares. The minimum application by a retail investor requires Rs. 14,805, while for sNII investors the minimum investment is Rs. 2,07,270 (14 lots) and for bNII investors it is Rs. 10,06,740 (68 lots). IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar to the issue.
The IPO is witnessing strong fancy in the grey market.
🕗 Last Update: 18 September 2025, 6.00 AM
Table of Contents
Seshaasai Technologies IPO Key Dates
| Anchor portion | |
| IPO opens on | 23 Sept 2025 |
| IPO Closes on | 25 Sept 2025 |
| IPO Allotment on | 26 Sept 2025 |
| Unblocking of Asba | 29 Sept 2025 |
| Credit of Shares | 29 Sept 2025 |
| Listing of Shares | 30 Sept 2025 |
Who are the promoters of Seshaasai Technologies IPO?
Pragnyat Pravin Lalwani and Gautam Sampatraj Jain are the promoters of the company.
The promoters hold 93.21% shares in the pre IPO capital of the company.
What are the Objects of Seshaasai Technologies IPO?
The Offer comprises of fresh issue of capital. The objects of the issue are-
+Funding capital expenditure for the expansion of existing manufacturing units- Rs. 19.79 Cr.
+Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Company- Rs. 30 Cr.
+General Corporate Purposes
What is the business of Seshaasai Technologies?
Seshaasai Technologies IPO Details
| IPO opens on | 23 September 2025 |
| IPO closes on | 25 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 192,21,613 Shares / Rs 813.07 Crore |
| * Fresh Issue | Rs 480 Crore |
| * Offer for Sale | Rs 333.07 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 402-423 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 40 per share |
| Retail Lot Size | 35 Shares |
| Listing will at | BSE, NSE |
How are the shares offered in Seshaasai Technologies IPO?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How can the shares be applied in Seshaasai Technologies IPO?
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 35 | ₹14,805 |
| Retail (Max) | 13 | 455 | ₹1,92,465 |
| S-HNI (Min) | 14 | 490 | ₹2,07,270 |
| S-HNI (Max) | 67 | 2,345 | ₹9,91,935 |
| B-HNI (Min) | 68 | 2,380 | ₹10,06,740 |
Seshaasai Technologies IPO allotment Status
Allotment of this IPO will be announced on 26 September 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html/
| Registered Office of the company Seshaasai Technologies Ltd. 9, Lalwani Industrial Estate, 14, Katrak Road, Wadala (West), Mumbai, Maharashtra, 400031 Email: companysecretary@seshaasai.com |
|
| Who are the Lead Managers of Seshaasai Technologies IPO? IIFL Capital Services Ltd ICICI Securities Ltd. SBI Capital Markets Ltd. |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Seshaasai Technologies IPO Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 1,160.39 | 958.41 | 782.54 |
| Total Income | 1,473.62 | 1,569.67 | 1,153.84 |
| Profit After Tax | 222.32 | 169.28 | 108.1 |
| EBITDA | 370.37 | 303.01 | 207.43 |
| NET Worth | 669.67 | 465.58 | 321.64 |
| Reserves and Surplus | 490.52 | 286.43 | 201.29 |
| Total Borrowing | 378.68 | 350.24 | 311.99 |
| Amount in ₹ Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 34.84% |
| ROCE | 31.87% |
| Debt/Equity | 0.37 |
| RoNW | 33.20% |
| PAT Margin | 15.09% |
| EBITDA Margin | 25.13% |
| Price to Book Value | 13.41 |
| EPS | 14.78 |
| PER | 28.63 |
How Seshaasai Technologies IPO compares with the Peers?
The Company does not have any listed peers.
Seshaasai Technologies IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
Detailed Review
Company Overview
Incorporated in 1993, Seshaasai Technologies Ltd. is a technology-driven, multi-location solutions provider with a strong presence in the BFSI sector. The company specializes in payment solutions, communication & fulfilment services, and IoT-powered offerings. Its 24 manufacturing units across seven Indian cities are globally certified for payment card production, cheque printing, and data security, ensuring compliance with the strictest IT and cyber standards. Proprietary platforms like RUBIC, eTaTrak, and IOMS strengthen its competitive edge.
Financial Performance
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Revenue: The company posted revenue of Rs. 1,473.62 crore in FY25, slightly lower than Rs. 1,569.67 crore in FY24, but significantly higher than Rs. 1,153.84 crore in FY23.
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Profitability: PAT grew sharply to Rs. 222.32 crore in FY25 from Rs. 169.28 crore in FY24 and Rs. 108.10 crore in FY23, reflecting consistent improvement in margins.
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EBITDA: Increased steadily from Rs. 207.43 crore in FY23 to Rs. 370.37 crore in FY25.
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Net Worth: Rs. 669.67 crore as of FY25, backed by healthy reserves of Rs. 490.52 crore.
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Debt: Borrowings have risen moderately from Rs. 311.99 crore in FY23 to Rs. 378.68 crore in FY25, indicating manageable leverage given the rising profits.
Valuation Perspective
At the upper price band of Rs. 423, based on FY25 EPS (~Rs. 20.4), the P/E works out to ~20.7x, which appears reasonable compared to peers in fintech-enabled service providers and payment solution players. The company’s consistent growth in profitability, strong certifications, and established client base across BFSI add strength.
Conclusion
Seshaasai Technologies combines solid fundamentals, a scalable tech-driven model, and robust profitability growth. Valuations are fair compared to sector averages, making this IPO attractive for both medium and long-term investors. Listing gains also appear likely given sectoral tailwinds.
The IPO opens on September 23, 2025, and closes on September 25, 2025. Allotment is on September 26, and listing is scheduled for September 30, 2025.
The price band is Rs. 402–423 per share. The lot size is 35 shares, requiring a minimum retail investment of Rs. 14,805
The company’s revenue has remained strong at Rs. 1,473.62 crore in FY25, while PAT rose sharply to Rs. 222.32 crore from Rs. 108.10 crore in FY23. EBITDA margins have also improved consistently.
With strong fundamentals, steady profit growth, and fair valuations (~20.7x FY25 earnings), the IPO looks promising. It may be considered for both listing gains and long-term portfolio holding.
Seshaasai Technologies IPO dates
Seshaasai Technologies IPO price & Lot
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